Global Business 101
It’s a small, yet very connected world. It’s true in terms of your access to information from around the world www.terraeconomy.com/ and your connection to important decision makers and leaders across our planet. This is evident most in the world of global business. Global business is a term used to describe any company or business that conducts business outside of its home country.
As the challenges of global trade and commerce become more complex, businesses big and small must make sure they are prepared to meet these new issues. This involves understanding the nuances of international business, as well knowing how to work with colleagues and partners in other countries.
The undergraduate Journal of Global Business and Trade (JGBT) is a journal that publishes research papers as well as reports and commentaries that pertain to the business of globalization. It is also an official journal of the Consortium for Undergraduate International Business Education (CUIBE).
It is important to understand what cultural differences can impact the success of your business abroad, whether you’re a business owner considering entering global markets, or just want to make sure that your team is ready. This includes learning about the customs, holidays, beliefs and social norms of the different cultures you could encounter in your global business endeavors. This is an excellent method to improve your “export intelligence.” It may also be helpful to know what you can expect from business colleagues in other countries, for example, the different levels of comfort in personal space or how to greet someone in a foreign language.